The head of United Aircraft Corporation (UAC), Mikhail Pogosyan, believes that sanctions imposed against Russia by USA and EU will not affect the mutually-beneficial cooperation between aircraft companies, ITAR-TASS reports with reference to the source.

"I think that our economic cooperation is mutually-beneficial and those politically-motivated decisions taken today will not affect our long-standing partnership", - he stated.

Pogosyan added that our Western partners understand that it is impossible to maintain a long-standing partnership if you take into account specific events. "We have laid the foundation and it is unprofitable for both parties to destroy it", - president of UAC said.